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Corner Street Capital Acquires 35-Unit Rental In Brooklyn For $36.1M

58 Palmetto Street
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This Other property located in NY was sold for $15,585,897 over 1 year ago.

Corner Street Capital, represented by Ross Banon, completed the acquisition of a rental property in Brooklyn. The property is located at 58 Palmetto Street, 177 Palmetto Street, and 540 Driggs Avenue. The transaction took place on September 6, 2022.

Summary of transation details

  • Property Type: Rental
  • Transaction Amount: $36,100,000
  • Buyer: Corner Street Capital - Ross Banon
  • Seller: Joel Schwartz & Shaindy Schwartz
  • Units: 35
  • Price per Unit (PPU): $1,031,428
  • Square Footage: 26,035
  • Price per Square Foot (PPSF): $1,386

The buyer, Corner Street Capital, was represented by Ross Banon. The seller of the property was Joel Schwartz and Shaindy Schwartz.

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  • Location
    58 Palmetto Street, Brooklyn, New York 11221, United States58 Palmetto Street, Brooklyn, New York 11221, United States
  • Sale Price
    $15,585,897$15,585,897
    $332 PPSF$332 PPSF
  • Area
    46,885 SF46,885 SF
  • Asset Type
    MultiFamilyMultiFamily

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Deal Summary

SALE IMAGE: Ross Banon DATE: 09/06/2022 ADDRESS: 58 Palmetto Street, 177 Palmetto Street & 540 Driggs Avenue MARKET: Brooklyn ASSET TYPE: Rental BUYER: Corner Street Capital - Ross Banon SELLER: Joel Schwartz & Shaindy Schwartz SALE PRICE: $36,100,000 UNITS: 35 ~ PPU: $1,031,428 SF: 26,035 ~ PPSF: $1,386

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